Mapping Americans’ Energy Costs By State In 2024

Mapping Americans’ Energy Costs By State In 2024

Despite the average energy consumption per person trending downward since 2000, energy cost still represents a significant part of American household budgets.

This map, via Visual Capitalist’s Bruno Venditti, compares the total monthly energy bills in each of the 50 states.

WalletHub calculated each state’s average monthly energy bill by multiplying the average consumption of electricity, natural gas, home heating oil, and motor fuel by their respective prices and adding these amounts together as of June 3, 2024.

Wyoming Leads the Ranking

Wyoming has the highest energy costs in 2024.

The state has the highest gas and residential oil consumption per capita, and residents’ average monthly energy bill is $1,591. Among many factors, the state also has extremely cold winters, and many residents live in remote areas with limited heating options.

North Dakota, another state with harsh winters, has the second-most expensive average monthly energy bill, at $840. Interestingly, aside from heating oil, energy is relatively inexpensive in the state. It’s just high usage that drives up monthly bills.

Iowa is the third-most energy-expensive state, with residents’ average monthly energy bill costing $798, about half of the cost in Wyoming.

Overall Rank
State
Total Energy Cost
1
Wyoming
$1,591
2
North Dakota
$840
3
Iowa
$798
4
Montana
$787
5
Minnesota
$782
6
Massachusetts
$759
7
Connecticut
$750
8
Alaska
$716
9
South Dakota
$709
10
Virginia
$694
11
Rhode Island
$690
12
Utah
$684
13
Alabama
$677
14
Pennsylvania
$669
15
Maryland
$665
16
New Hampshire
$662
18
West Virginia
$659
17
Wisconsin
$659
20
Indiana
$645
19
Maine
$645
21
Vermont
$644
22
New Jersey
$643
23
Ohio
$630
24
Illinois
$622
25
Washington
$618
27
Idaho
$591
26
Oregon
$591
28
New York
$589
29
Hawaii
$583
30
Michigan
$583
31
Missouri
$578
32
Delaware
$564
33
North Carolina
$557
34
Kentucky
$556
35
Arkansas
$541
36
Nevada
$538
37
Georgia
$533
38
South Carolina
$533
39
Tennessee
$524
40
Oklahoma
$477
41
Californa
$476
42
Louisiana
$474
43
Colorado
$470
44
Florida
$462
45
Mississippi
$457
46
Nebraska
$453
47
Texas
$437
48
Kansas
$436
49
Arizona
$400
50
New Mexico
$376

Meanwhile, New Mexico is the state with the lowest energy costs, at $376.

According to the U.S. Energy Information Administration, the highest energy consumption of the year is recorded during summer in July, followed by August.

Tyler Durden
Fri, 07/12/2024 – 05:45

https://www.zerohedge.com/markets/mapping-energy-costs-state-2024